x402 Payments - Digital Payments on Websites - Maybe HIVE?
Today YouTube showed me an interesting video about online payments that people and AI agents can use to sent digital tokens over the internet.
So it seems that Stripe, a credit card processor, now partnering with Coinbase has set up a system where going to a website to make a purchase can be done automatically - even AI agents can do it. The money is sent on a blockchain (BASE in the case of Coinbase, although other chains are supported). BASE has low fees so it is cheaper and faster than credit card payments which are typically used online.
Here is the video. It is long - almost 20 minutes. The video is 14 hours old and already has over 21K views. It is on the Coin Bureau YouTube channel which is rather new to me, but apparently well known to others as it has 2.73 MILLION subscribers!
Source:
What is x402
Well I will give you a screenshot of what came up when I searched for this very thing on Bing.
Source: https://www.bing.com/search?q=x402+protocol
The thing that caught my eye
Under "Use Cases" it says
Content Monetization: Micro-payments for articles, videos, or software features.
That of course reminds me of HIVE.
Does that mean we'll have More Competition for web3 social media?
Maybe not because we're still decentralized and censorship resistant. All out posts and replies and transactions are on the HIVE blockchain forever (hopefully, or as long as someone is running a HIVE node).
TIPPING WITH REAL MONEY ON HIVE!!!
Well how about this idea! We already have a way for people to earn crypto on Hive, but that crypto comes from inflation of the number of HIVE tokens. And we already have a TIP functionality on PeakD and maybe other front ends. I mainly use PeakD though, so not sure.
Suppose we add a NEW TIP BUTTON where we can Tip an article's author with real cash, which may be in the form of stablecoins, I'm not totally sure how all this works yet, I just found this video hours ago, and I had not heard of x402 before.
Maybe not many others on HIVE know of #X402 either because there is only 1 other article on here that ever used that hashtag.
Source: https://peakd.com/created/x402
So maybe some #dev type people may want to look into this, if they find my article. :)
My Activity
for today was the usual daily movements such as high knee, squat and lunge "exercise snacks" a term maybe invented by Rhonda Patrick. I'll mention one of her videos on here soon.
At night I took a walk. It was 60 degrees Fahrenheit, nice!
Have a Great Day!!!
❤️❤️❤️❤️❤️
This report was published via Actifit app (Android | iOS). Check out the original version here on actifit.io
Micro-payments could be a great way to support creators more directly, especially for small but valuable content.
all the new fangled technoligies.. what's this crypto thingy u speak of?
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Been there, got burned, switched providers three times in a year and still wasn’t happy. What actually moved the needle for me was dropping my current setup into chargeback calculator takes like three fields and gives you a solid projection of what better orchestration could do. For my volume it was forecasting roughly 19% cleaner profit, and when I tested the routing suggestions it lined up almost exactly. What’s your current go-to way of figuring out if a change is worth the hassle?